PGM News: 14/02/2018

SOUTH AFRICA: South Africa police raid Gupta family’s home

South African police raided the home of a powerful business family on Wednesday, a day after the ruling African National Congress ordered Jacob Zuma to resign as president. Officers of the Hawks, an elite anti-corruption unit, entered the Johannesburg residence of the three Indian-born Gupta brothers at dawn.

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Source: https://www.ft.com

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AUTO SALES: Auto sales - Russia booms with fastest growth since 2011

Russia has posted "remarkable" growth in January with sales of new passenger and LCVs soaring 31% - the fastest rise since 2011. Admittedly from a low-base, the country has nonetheless consistently powered back with many consecutive months of improved sales, which have coincided with a steady increase in the price of oil.

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Source: https://www.just-auto.com

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